I hope not at this price level..the pe is a give away. My proof? I bought in!
Anyhow, I think a pe of 12 is more appropriate. maybe in a buyout they would realive that..roughly $30@share. Still a bargain imho.
cfr would be an interesting takeover candidate. it has bought local well run Texas banks before. And they need to have a presence other than the very competitive major Texas urban markets. plus cfr has the cash and integration expertise. probably would let sbsi run its own show in E Texas at least.